ABUJA, NIGERIA – Transcorp Hotels Plc (the Company), the hospitality subsidiary of Transnational Corporation Plc (Transcorp), has announced the appointment of Mr. Muyiwa Akinyemi as an Independent Non-Executive Director to its Board of Directors, with effect from April 1, 2026. This appointment will be ratified at the next general meeting of the Shareholders of the Company.
Mr. Akinyemi brings to the Board a distinguished career spanning over three decades across Nigeria’s financial services sector, including wholesale and retail banking, investment banking, capital markets, and strategic business leadership. He recently served as Group Deputy Managing Director of United Bank for Africa (UBA) Plc, with oversight for the bank’s Nigeria-wide business operations, comprising Corporate, Business Banking, and Retail divisions.
An Associate of the Institute of Chartered Accountants of Nigeria (ICAN) and a member of both the Chartered Institute of Bankers of Nigeria and the Chartered Institute of Stockbrokers, Mr. Akinyemi holds a B.Sc. in Accounting from Obafemi Awolowo University, Ile-Ife. He has also undertaken advanced executive programmes at the University of Chicago Booth School of Business, Cambridge University, and Harvard Business School, among others.
Speaking on the appointment, Dr. (Mrs.) Awele V. Elumelu, OFR, Chairman of the Board of Transcorp Hotels Plc, said: “We are pleased to welcome Mr. Akinyemi to the Board of Transcorp Hotels Plc, as we embark on our strategic expansion phase. He is a seasoned executive whose exceptional record of building and scaling financial and business operations across Africa speaks for itself. We look forward to benefiting from his counsel and experience.”
This appointment reinforces the Board’s commitment to deepening its strategic, financial, and governance expertise, driving sustainable value for its shareholders as the Company continues to expand its leadership in African luxury hospitality.
